Klarna Explores USDC-Denominated Funding via Coinbase Partnership
The post Klarna Explores USDC-Denominated Funding via Coinbase Partnership appeared on BitcoinEthereumNews.com.
Klarna, the leading buy now pay later provider, has partnered with Coinbase to secure short-term funding in USDC stablecoins, expanding its treasury options with blockchain technology for institutional investors. Klarna’s new funding uses USDC to access global investors more efficiently through Coinbase’s platform. This initiative diversifies Klarna’s financial resources beyond traditional debt and deposits. With over 260 enterprise clients, Coinbase provides robust custody and settlement services for this stablecoin-based raise. Klarna partners with Coinbase for USDC funding, revolutionizing treasury management with stablecoins. Discover how this fintech move taps new investors and boosts efficiency in 2025. What is Klarna’s Partnership with Coinbase for Stablecoin Funding? Klarna’s partnership with Coinbase enables the Swedish fintech firm to raise short-term institutional funding denominated in USDC, a leading dollar-pegged stablecoin. This arrangement leverages Coinbase’s established crypto infrastructure to connect Klarna with a broader pool of investors. By integrating stablecoins into its treasury operations, Klarna aims to enhance liquidity and funding diversity in a rapidly evolving digital finance landscape. How Does Klarna Plan to Use USDC in Its Treasury? Klarna intends to incorporate USDC funding as a complementary tool alongside its conventional sources, such as consumer deposits and commercial paper. According to Klarna’s chief financial officer, Niclas Neglén, this approach opens doors to innovative investor classes unreachable through legacy systems just a few years prior. The initiative, announced on a recent Friday, underscores the growing acceptance of stablecoins in corporate finance, with USDC’s market cap exceeding $30 billion as reported by Circle, its issuer. Stablecoins like USDC offer near-instant settlement and reduced counterparty risk, making them ideal for short-term borrowing. Klarna’s move aligns with broader industry trends where firms seek blockchain solutions to optimize capital markets activities. Experts from financial advisory firm Deloitte have noted that stablecoin adoption could lower funding costs by up to 20%…
